Mediobanca has successfully completed the placement of a six-year “long” sustainable senior preferred bond (February 2029) with a call option after year 5 for a total of €500m.
The sustainable senior preferred bond, priced at 99.831 with a yield of MS + 195 bps, has collected orders of over €1.7bn during the placement, which has enabled the target size of €500m to be reached. The new bond is being issued as part of the Green Social and Sustainability Bond Framework approved in June 2022, and is the Group’s second ESG issue after the inaugural green bond issued in September 2020, doubling the targets set in the 2019-23 Strategic Plan.
The issue will pay a coupon of 4.625%.
The leading institutional investors in the European panorama took part in the placement, while the bond’s distribution, 74% of which took place outside of Italy, is further testimony to Mediobanca’s consolidated role at EU level.
Milan, 28 November 2022